Technology for MSMEs: The Coronavirus crisis and the lockdown was a phase of evolution for various MSME sectors. Digitization opened the gates for many local businesses to strengthen their operations and cope up with these stressful times.

The RBI’s internal working group in its report had said that well-run NBFCs, with an asset size of above Rs 50,000 crore, including those which are owned by a corporate house, may be considered for conversion into banks.

The National Stock Exchange (NSE) has declared Karvy Stock Broking as a defaulter for non-compliance with the regulatory provisions of the bourse.

A three-member NCLAT bench said the sanctity of resolution process has to be maintained and such withdrawal by a successful bidder "frustrate" the entire exercise of Corporate Insolvency Resolution Process (CIRP).

Recent economic reforms by the Indian government have signalled an increased focus on improving the business environment and a desire to spur foreign investment.

E-commerce operators are now required to deduct tax at source for facilitating any sale of goods or providing services through an e-Commerce participant.

The country’s largest two-wheeler maker, Hero MotoCorp, has been pitching for a reduction of the GST rate on bikes and scooters to 18% from the top slab of 28% meant for luxury goods, in order to spur demand.

Overall direct tax collections (post-refunds but before devolution to states) came in at Rs 10.37 lakh crore in FY20, lower than Rs 11.25 lakh crore collected in FY19.

The Reserve Bank of India (RBI) is revising the Priority Sector Lending (PSL) norms to enable higher lending to start-ups and renewable energy firms, as well as to correct regional disparities.

The Goods and Services Tax ( GST ) Portal has restored the GST Returns data for the year 2017.

Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by March 31, 2020, the Income Tax department has said. The deadline for linking of PAN and Aadhar has been extended several times and the current deadline ends on March 31, 2020.

GST Network CEO Prakash Kumar on Friday said e-invoicing and the new format for filing GST will help improve the ease of doing business and reporting for the indirect taxes.

Apart from large cash deposit not commensurate with income profile, the department scrutinised cases where taxpayers reported massive increase in unsecured loans during the year or loans fully paid involving huge amounts

Budget 2020: The direct budgetary aid would be in the form of a grant equivalent to the equity capital of each FPO.

Liquidation amount would be distributed to company’s creditors in accordance with the “waterfall” mechanism set out in Section 53 of Insolvency and Bankruptcy Code, as per the plan. Under this mechanism, all claims of secured financial creditors must be fully paid before payments are made to unsecured financial creditors, who must in turn be fully paid before operational creditors.

The revenue loss is equivalent to 2.4% of GDP or 40% of the GST collection target. GST authorities have zeroed in on about 40,000 companies for claiming excess or wrongful tax rebates

Shops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of government's stride towards a less-cash economy, will not have to pay any penalty till Jan...

The deadline to link PAN with Aadhaar has been extended yet again. The government in a notification dated December 30, has said that the deadline to March 31, 2020, 3 months from the current deadline of December 31, 2019.